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Dec 10, 2012
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>> that's right, breakfast sales in the u.s. is something that's definitely well, offering prices and a lot of folks have a lot of money get on the mcrib. stuart: nicole, thank you very much indeed. dow industrials are down 11. it's a flat market. the busiest day of the year for fedex, it's going to move 19 million packages in one day, it doesn't necessarily mean that people are spending more, far from it, they're shopping more on-line, a whole lot more on-line and fedex delivers for them. and fedex stock is up a fraction, not much. talk about the pot calling the kettle black. christine lagarde warned that the american economy won't grow next year without a deal on the fiscal cliff. listen to this. >> my view personally is that the best way to go forward is to have a balanced approach at that takes into account both increasing the revenue, which means, you know, either raising tax or creating new sources of revenue. and cutting spending as well. >> very interesting. europe is deep, deep in a financial crisis and ms. lagarde, who
>> that's right, breakfast sales in the u.s. is something that's definitely well, offering prices and a lot of folks have a lot of money get on the mcrib. stuart: nicole, thank you very much indeed. dow industrials are down 11. it's a flat market. the busiest day of the year for fedex, it's going to move 19 million packages in one day, it doesn't necessarily mean that people are spending more, far from it, they're shopping more on-line, a whole lot more on-line and fedex delivers for...
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remember, whereas we've paid a lot of money to cut our carbon emixes the u.s. is cutting more by using fracked gas cut more than europe and-- >> environmentalists don't want fracking, the water and the-- >> there are problems with fracked gas, but amaze lig green option for the next ten years and that's one thing that europe doesn't get. and china and india do. stuart: move to america and fracking and-- >> thank you very much indeed, sir. new at 10, listen to this, united states the land of opportunity, oh, yes, for some chinese tourists they're take full advantage of the hospitality. a so-called maternity hotel where chinese mothers are paying to stay and have their babies, instant citizens. good story and it's new at 10. also, time is money, as you well know. so, here in 30 seconds is what else we're watching for you. the tax the rich crowd has gone too far. one column this morning is calling for the elimination or at least the deduction or certainly the limitation of the deduction for charitable donations. because it benefits the rich too much. get that? we'
remember, whereas we've paid a lot of money to cut our carbon emixes the u.s. is cutting more by using fracked gas cut more than europe and-- >> environmentalists don't want fracking, the water and the-- >> there are problems with fracked gas, but amaze lig green option for the next ten years and that's one thing that europe doesn't get. and china and india do. stuart: move to america and fracking and-- >> thank you very much indeed, sir. new at 10, listen to this, united...
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Dec 26, 2012
12/12
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david: u.s. retailers reporting the weakest holiday since 08 when of course the country was in deep recession. sales in two months before christmas up .7% according to to mastercard spending pulse. analysts are blaming sandy and the shootings in connecticut and also of course uncertainty about the economy. research in motion the company behind blackberry is bouncing back today after it declined recently. set to release the new blackberry 10 in less than a month. the company has pinned its hopes on that device. check the price of oil, popping big-time, look at that, $91. not only is it above 90 but just for a second it was at $91 for a barrel. the price of gas is at 3.24 per gallon. that's the national average. you see the temporary halt in a long slide in gas prices. will they start falling again? patrick sheehan from gas buddy.p com is going to be here next -- from gasbuddy.com is going to be here next. david: gas prices are at their lowest point this year, but compared to last year prices are s
david: u.s. retailers reporting the weakest holiday since 08 when of course the country was in deep recession. sales in two months before christmas up .7% according to to mastercard spending pulse. analysts are blaming sandy and the shootings in connecticut and also of course uncertainty about the economy. research in motion the company behind blackberry is bouncing back today after it declined recently. set to release the new blackberry 10 in less than a month. the company has pinned its hopes...
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Dec 12, 2012
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new figures from the u.s. census bureau shows about 100,000 more people left california than moved in. that's a net out migration in 2011. shockingly enough, mike reagan was not one of them. he joins us now bright and early from los angeles. thank you for getting up so early in los angeles, we appreciate it, mike. now-- >> you've got it. thank you very much. stuart: i thought i'd get you out, sorry about that. why are all of these people leaving? conventional wisdom has it, it's taxes, taxes, taxes. is it something more? >> how about lack the education? the school system used to be number one is now 49th in the country and taxes another reason for it, cost of living another reason for it and no vision into the future that's going to get better and somebody said in california the houses are free. and the weather is what costs you money. and people came to a point saying, hey, maybe the weather isn't worth the money anymore and as companies leave, about 17 a month, stuart, are leaving the state of california, bu
new figures from the u.s. census bureau shows about 100,000 more people left california than moved in. that's a net out migration in 2011. shockingly enough, mike reagan was not one of them. he joins us now bright and early from los angeles. thank you for getting up so early in los angeles, we appreciate it, mike. now-- >> you've got it. thank you very much. stuart: i thought i'd get you out, sorry about that. why are all of these people leaving? conventional wisdom has it, it's taxes,...
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Dec 20, 2012
12/12
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the u.s. government as a spending problem but not revenue problem. said spending up 70% from 1998, not adjusted for inflation. spending is increasing at twice the rate that revenue is increasing. >> always talking about we are in a crisis. a budget by secret committee's or gangs of 6 or 8, that is a problem. that is why we can't get spending under control because the senate is not doing their job. passing a budget every year. charles: every time something happens it is another reason to spend more money. something is wrong. we need a lot of things in this country but there is no way spending should be outpacing everything else, particularly as the american public over the last five years cut back on everything, mortgage debt, credit card debt. the only thing is student loan debt. remarkable we can continue down this road when we know inevitably where we hit a brick wall. you can argue when but we know we will. liz: but never budget balancing act has got to stop. stuart: president obama will not address the spending issue. he will not. stuart: charles
the u.s. government as a spending problem but not revenue problem. said spending up 70% from 1998, not adjusted for inflation. spending is increasing at twice the rate that revenue is increasing. >> always talking about we are in a crisis. a budget by secret committee's or gangs of 6 or 8, that is a problem. that is why we can't get spending under control because the senate is not doing their job. passing a budget every year. charles: every time something happens it is another reason to...
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Dec 18, 2012
12/12
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. >> and he went back after years and moved his-- he came back to the u.s. with his family and he's he not the only one, and the three wealthiest men in f out and these guys, now, they have he' left and they are their moving out wasn't seen as such heroic move. i think it was a lot of, kind, teeth grinding. so i think that depardieu, who whom this revolt is going to happen. i hope so so for france's sake. stuart: there's an argument in america at the moment raising the tax rate on upper income people and the argument, does it actually bringgin more money. what about france? they've got a much higher tax rate. 75%, is it going to bring in all of the money they thought it would go going to bring in? >> no, it's never going to. in fact, because people like gerard depardieu are productive and make the most money are going to, the idea that you start taxing like crazy people they're going to actually just give you their money, not budge, not change anything, is actually-- >> do you think that france will ever accept much less of a welfare state, real serious cuts
. >> and he went back after years and moved his-- he came back to the u.s. with his family and he's he not the only one, and the three wealthiest men in f out and these guys, now, they have he' left and they are their moving out wasn't seen as such heroic move. i think it was a lot of, kind, teeth grinding. so i think that depardieu, who whom this revolt is going to happen. i hope so so for france's sake. stuart: there's an argument in america at the moment raising the tax rate on upper...
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this is a test to try to limit the costs they would face with the new u.s. health care law. based on this test they decided not to change any of their full-time staffing plans for 2014. stocks are slightly lower, don't forget they had terrible numbers, too. >> but they say it was based on their tests. >> right. stuart: some people say they're backing off because they got bad publicity when they started talking about putting people on part-time work instead of full-time because of obamacare. >> you know what? some people would say that, stuart. stuart: charles said that, maybe he's right. and thank you, nicole. we're dead flat. down 1.69. let's not forget about the phantom pigs. zynga makers of farmville, may not be making enough money off the phantom pigs to keep investors happy. there's a reason to be optimistic, look at the stock, it's up this morning, after news that zynga is trying to get a gaming license out of nevada, that's where the real money is for zynga. it's hoping that a flood of proposed gambling regulations would open up an on-line market. and shares are down
this is a test to try to limit the costs they would face with the new u.s. health care law. based on this test they decided not to change any of their full-time staffing plans for 2014. stocks are slightly lower, don't forget they had terrible numbers, too. >> but they say it was based on their tests. >> right. stuart: some people say they're backing off because they got bad publicity when they started talking about putting people on part-time work instead of full-time because of...
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Dec 14, 2012
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yesterday we talked to laptop magazine about apple losing its cool in the u.s. it looks like that's true in china. the iphone 5 at a very chilly reception for its beijing launch overtight. so, nicole, i think that apple is down again. >> it is, again, down over this, 3% right now. you're talking the 514 range. aen what happened to the $700 range and that's ubs this morning, they kept their buy rating, but reduced their target from 700 to 780 talking about china being one of the issues and not being able to build there. stuart: and the iphone 5 in beijing, there was a snowstorm, okay, a mild snowstorm, there were only two people in line to get those first iphone 5's in china. that's it. only two people. i think that's got something to do with the apple decline this morning. >> you know what, if you really want something, wild horses and snowstorms won't keep you away. stuart: so, i think we can conclude that maybe apple's losing a little of its shine, a little of its cool. maybe, i don't want to be too pejorative here, just maybe. nicole, thank you, down 10 in th
yesterday we talked to laptop magazine about apple losing its cool in the u.s. it looks like that's true in china. the iphone 5 at a very chilly reception for its beijing launch overtight. so, nicole, i think that apple is down again. >> it is, again, down over this, 3% right now. you're talking the 514 range. aen what happened to the $700 range and that's ubs this morning, they kept their buy rating, but reduced their target from 700 to 780 talking about china being one of the issues and...
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Dec 19, 2012
12/12
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. >> it does make sense if you are a socialist trying to transform the u.s. economy away from a free market system towards a socialist one that's government directed. stuart: i have a windmill -- there's a farm i have got in new zealand. we built a windmill at the cost of 33,000 u.s. dollars. now, i provided the money for that thing. that's free capital. it will still take 15 years to get the money back, with free capital. had we borrowed that money, the prevailing rate of interest in new zealand, which is about 6 1/2, 7 1/2 percent, it would be 30 years to get our money back out of it, by which time the thing would have broken down, and i would have to replace it. it doesn't make economic sense. >> it doesn't, but as monica said, it does make sense if you are trying to transform the system at large. >> transform the economy, yeah. stuart: all right, ladies, you made your point. fedex, it is an economic indicator. they were out with numbers today. lauren, what's going on? >> the stock is up even though profit missed expectations by 2 cents, but a 3% pop for f
. >> it does make sense if you are a socialist trying to transform the u.s. economy away from a free market system towards a socialist one that's government directed. stuart: i have a windmill -- there's a farm i have got in new zealand. we built a windmill at the cost of 33,000 u.s. dollars. now, i provided the money for that thing. that's free capital. it will still take 15 years to get the money back, with free capital. had we borrowed that money, the prevailing rate of interest in new...
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Dec 11, 2012
12/12
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this of course is the cradle of the labor movement in the u.s. the first place of the uaw and plenty of uaw folks and the unions represented. you will hear plenty of sides on this but i will give you the union side because that is where i am standing. they save right to work means essentially they come into a workplace, negotiate a bunch of benefits and work rules and salary and people who choose not to go to the union benefit from that and that is not fair. that is their argument. the governor, governor snider, who is not a crazy right winger but a moderate governor, he never had this on his agenda but when the labor unions put it on the agenda in the last election with a ballot measure, he said okay, you put this up for grabs, it was defeated, a measure to enshrine the concept of not being a right to work state. they tried to enshrine that failed miserably and the governor said you made this an issue now and we are going to make it an issue and we are going to support this bill. it seems clear to me this is going to pass today. he is not going
this of course is the cradle of the labor movement in the u.s. the first place of the uaw and plenty of uaw folks and the unions represented. you will hear plenty of sides on this but i will give you the union side because that is where i am standing. they save right to work means essentially they come into a workplace, negotiate a bunch of benefits and work rules and salary and people who choose not to go to the union benefit from that and that is not fair. that is their argument. the...
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time is money, here is what else we talk to you this friday morning, the u.s. is sitting on big reserves of natural gas, but the environmentalists want to restrict access to it they don't like fracking, say it's bad for the water supply. we're going to talk to a man whose company cleans that water. a very rare diamond will be on the set and i'll be able to touch t you'll find out how much this rare red diamond costs. new at 10, michigan right to work pushes through. hundreds of pro union workers rush the state capitol. the top of the hour, we'll have that. now, i have the seven early movers including special dividends, charles payne used do this and he's going to offer a commentary how good i am at it. publisher mcgraw-hill, aboard that special dividend. payable. december 27th. and medical imaging company and logic, down figure time, four bucks. sirius xm radio, a special dividend 5 cents a share, get paid this year. stock is up. yes, it's unchanged. and drug maker hiring a sales force for cholesterol reducing fish oil pill, and investors thought the company wo
time is money, here is what else we talk to you this friday morning, the u.s. is sitting on big reserves of natural gas, but the environmentalists want to restrict access to it they don't like fracking, say it's bad for the water supply. we're going to talk to a man whose company cleans that water. a very rare diamond will be on the set and i'll be able to touch t you'll find out how much this rare red diamond costs. new at 10, michigan right to work pushes through. hundreds of pro union...
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stuart: anna wintour could be the next u.s. ambassador to the u.k. or france. what? my take on that next. stuart: superstorm sandy made landfall in america more than a month ago. some businesses are still seeing the effects. shares of darden restaurants, that's the company that owns red lobster, olive garden, they are down today after the company announced it expects to make less money next year than it originally forecast. the company is blaming superstorm sandy for its lackluster performance. republicans submitted their solution to the fiscal cliff yesterday. white house and other democrats dismissed it immediately. take a look at how that affected the market this morning. not at all. the dow is up 43. 13,000 is where we are. liz macdonald says we will see is a last minute deal, christmas eve, new year's eve, on the fiscal cliff. we shall see. next, a special early my take. i am fired up about the prospect of ambassador anna wintour. i couldn't wait for the normal time. i'm going to do it early. stay right there. and one of the most cited economists in the world. p
stuart: anna wintour could be the next u.s. ambassador to the u.k. or france. what? my take on that next. stuart: superstorm sandy made landfall in america more than a month ago. some businesses are still seeing the effects. shares of darden restaurants, that's the company that owns red lobster, olive garden, they are down today after the company announced it expects to make less money next year than it originally forecast. the company is blaming superstorm sandy for its lackluster performance....
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. >> you have the u.s. chamber of commerce hardly an arm of my administration or the democratic party. i think, said the other day, we can't be going through another debt crisis, a debt ceiling crisis like we did in 2011. that has to be dealt with. so, i think businesses are going to be ready to hire. we're seeing pretty strong consumer confidence despite weaknesses in europe and even in asia. i think america is poised to take off. stuart: well, the republicans are set to respond today when speaker boehner goes in front of the cameras. will he show signs of retreat or any sign of compromise? remember, the president wants higher tax rates. will john boehner try to move the line that the president has drawn? we will have it for you live here on "varney & company" starting around ten o'clock eastern. then we have darden restaurants, the parent of olive garden, red lobster. it says its businesses could be hurt by bad publicity. darden said it might cut hours for some workers in order to avoid having to provide
. >> you have the u.s. chamber of commerce hardly an arm of my administration or the democratic party. i think, said the other day, we can't be going through another debt crisis, a debt ceiling crisis like we did in 2011. that has to be dealt with. so, i think businesses are going to be ready to hire. we're seeing pretty strong consumer confidence despite weaknesses in europe and even in asia. i think america is poised to take off. stuart: well, the republicans are set to respond today...
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Dec 31, 2012
12/12
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wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipperverage. t. ro price. invest with confidence. request a prospectus or summary prospectus with investmeninformation, risks, fees and expenses to read and consider carefully before investing. stuart: all right everybody. let's talk california. it's been another banner year for the formerly golden state. voters approving carbon taxes on business. higher taxes on themselves. and the state overwhelmingly voted for the president in the election. more than 60% of the state voting in favor of president obama for his reelection. let's bring in our next guest. he is chairman of the republican party in california. i'm not being sarcastic but i didn't think the republicans existed in california any longer. you are their chairman, is that correct? >> it is. it was a rough year. stuart: what does 2013 hold in store for california? >> well, actuall
wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipperverage. t. ro price. invest with confidence. request a prospectus or summary prospectus with investmeninformation, risks, fees and expenses to read and consider carefully before investing. stuart: all right everybody. let's talk...